Sibanye Gold (NYSE:SBSW) Shares Gap Up – Still a Buy?

Sibanye Gold Limited (NYSE:SBSW) gapped up prior to trading on Wednesday . The stock had previously closed at $11.72, but opened at $12.87. Sibanye Gold shares last traded at $13.2260, with a volume of 1,754,765 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBSW shares. Wall Street Zen lowered shares of Sibanye Gold from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Royal Bank Of Canada cut their price objective on shares of Sibanye Gold from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. HSBC upgraded shares of Sibanye Gold from a “hold” rating to a “buy” rating and set a $24.80 price objective on the stock in a report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Sibanye Gold in a report on Tuesday, April 21st. Finally, BMO Capital Markets increased their price objective on shares of Sibanye Gold from $14.00 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sibanye Gold has a consensus rating of “Hold” and an average price target of $19.93.

Sibanye Gold Trading Up 1.2%

The company’s fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $13.86. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 0.73.

Sibanye Gold Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 20th were given a $0.2614 dividend. The ex-dividend date was Friday, March 20th. This represents a dividend yield of 292.0%.

Insider Activity at Sibanye Gold

In related news, Director Thabane Vincent Maphai acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $13.34 per share, for a total transaction of $160,080.00. Following the completion of the acquisition, the director directly owned 140,178 shares in the company, valued at approximately $1,869,974.52. The trade was a 9.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Peter Menell acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average price of $11.43 per share, for a total transaction of $28,575.00. Following the completion of the acquisition, the director owned 2,500 shares of the company’s stock, valued at $28,575. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sibanye Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc raised its holdings in shares of Sibanye Gold by 1,462.5% during the first quarter. AdvisorNet Financial Inc now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,872 shares during the period. MAI Capital Management raised its holdings in shares of Sibanye Gold by 87.8% during the third quarter. MAI Capital Management now owns 2,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,169 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Sibanye Gold during the fourth quarter worth $29,000. Blue Trust Inc. raised its holdings in shares of Sibanye Gold by 84.1% during the fourth quarter. Blue Trust Inc. now owns 2,193 shares of the company’s stock worth $31,000 after acquiring an additional 1,002 shares during the period. Finally, Archer Investment Corp acquired a new stake in Sibanye Gold in the 3rd quarter valued at $34,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Gold Company Profile

Sibanye Gold (NYSE:SBSW) is a precious metals mining company headquartered in Johannesburg, South Africa. The company’s core operations focus on the extraction, processing and exploration of gold. Through its South African gold mining operations, Sibanye Gold produces doré bars, gold in concentrate and carbon-in-leach product, leveraging both underground and surface mining techniques. The company also generates by-products such as uranium, copper and nickel, reflecting its commitment to maximizing resource recovery.

In addition to its South African footprint, Sibanye Gold has expanded into the platinum?group metals (PGM) sector through its acquisition of Stillwater Mining Company in 2017.